Panel Discussion: Urban Cooperative Banking and Financial Inclusion through modern technologies- CBS, Datacenter and Payment Solution

Elets 2nd Maharashtra Cooperative Summit 2016 – Panel Discussion: Urban Cooperative Banking and Financial Inclusion through modern technologies- CBS, Datacenter and Payment Solution

 Pramod Karnad,Managing Director, The Maharashtra State Coop Bank Ltd

“When we speak of urban cooperative banking, financial inclusion and modern technologies come into our minds. All of us know that we have 15,069 urban cooperative banks in this country. More than 5,000 urban cooperative banks in Maharashtra. Urban cooperative banks are really privileged. Bringing the unbanked area into institutionalisation is a bigger task and cooperative banks are doing that.”

Sumnesh Joshi, Assistant Director General, UIDAI, Government of India

“Aadhaar is going to change the face of service delivery. Cooperative banks have the access in the remote areas. Keeping this in mind we have to reach the beneficiaries in the remotest areas and get them connected to the bank through Aadhaar. This will help in imparting the banking services at the doorstep and all the formalities will go paperless.”

Milind Varerkar, General Manager – IT, Saraswat Bank

“The financial inclusion and other services are becoming more and more important. In PMJDY, we could collect 22 crore accounts in a year. We, at Saraswat Bank , have enabled ourselves with multiple data centres. We have a main data centre in Mumbai and our systems are very secured. Our systems are automated and we are making it user-friendly.”

Ratnakar V, Associate Vice President, FI & New Business, NPCI

“NPCI’s mission says that every Indian should be using one or the other payments systems by the 2020. Various surveys suggest that India would be the youngest country by 2020…which means that most of the customers in the banking sector would be in 20 – 25 year age group and everyone will have smartphones and Aadhaar numbers by then.”

IPS Sethi, Senior Technical Director, National Informatics Centre

“We have solutions for State Cooperative Bank, District central cooperative bank, Primary agriculture cooperative society, and many others. We computerised Raipur District Cooperative Bank in Chhatisgarh, and that particular area receives 2000 crore paddy procurement every year. Earlier all the farmers were worried that they did not receive their due but now they get it within 48 to 72 hours.”

Puneet Chopra, Associate Director, Microsave

“The accelerated pace and the vision of deeper banking penetration in India has made us unique in the global market. Many markets are looking upto India for the architecture that we have adopted. Aadhaar enabled payment systems and unified payment interface are likely to be the game changers for Indian banking segment.”

"Exciting news! Elets Banking & Finance Post is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest insights!" Click here!

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/

Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.